BNP Paribas raises Nvidia price target to $345
BNP Paribas has increased its price target for Nvidia (NVDA) to $345 from $285, maintaining an Outperform rating. The firm cited the chipmaker's potential to benefit from the growing demand for AI inference workloads.
BNP Paribas raised its price target on Nvidia NASDAQ:NVDA to $345 from $285 and kept an Outperform rating, saying the chipmaker stands to benefit from the move toward more demanding AI inference workloads. The revised target implies about 47% upside from Nvidia’s Oct. 2 closing level of $234.